January 6 Trading Recap: Consistency, Patience, and Solid Execution

Happy Tuesday. Here’s a quick recap of today’s trading session on January 6, where I traded both the Nasdaq (NQ) and the Dow (YM) futures, with the majority of my focus on the Nasdaq.

Market Context & Trade Thesis

I started the session by staying patient and waiting for a pullback into key moving averages before looking for long opportunities. On the Nasdaq, price showed strong respect for the 6–10 algorithm, which acted as reliable support throughout the morning. Once that level held, the market lifted cleanly and offered several quality opportunities to the upside.

Trade Execution & Results

The first move higher on NQ produced a solid 50-point trade. On the initial pullback, I was able to capture an additional 15 points as the market continued to grind higher.

After the second leg up, clean entry opportunities became harder to find, but I remained selective. I took two additional long trades:

One on the Nasdaq, capturing approximately 12–14 points
One on the Dow, capturing roughly 30 points

While I didn’t catch the entire move higher, I was able to capture about 30% of the overall move, which I’m satisfied with given the low risk and controlled execution.

Performance Metrics

Across three accounts, I finished the day up $408.

Total trades: 31
Winners: 19
Losers: 12
Win rate: ~61%

That win rate is slightly lower than my average, but the key positive takeaway is that losers were kept small, while winners were allowed to run. There’s still room for improvement in trade management, but overall the price action was clean and tradable.

Key Takeaways

Today reinforced some core principles: